Classifying a good as nonrival means
A) that there is a surplus of the good.
B) that the good is produced in a competitive market.
C) that the producer can prevent people from consuming it.
D) that many people can consume the good simultaneously.
D
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Answer the following statement(s) true (T) or false (F)
1. Runoff from urban streets is an example of nonpoint source pollution. 2. Since acidic deposition arises around the world, it is considered to be global pollution. 3. The warmer temperatures in the Gulf of Mexico may have increased the magnitude and extent of the damages linked to the Gulf oil spill in 2010. 4. When scientists first identified the ‘ozone hole’ over the Antarctic region in the 1980s, it was less than 10 miles in diameter. 5. Concern for managing natural resources to ensure their quality and abundance for future generations is called sustainable development.
Behavioral economics helps explain why customers ________ at J.C. Penney
A) responded negatively to both sales and coupons and the policy of everyday low prices B) were equally happy with sales and coupons and the policy of everyday low prices C) favored the policy of everyday low prices and not sales and coupons D) favored sales and coupons and not the policy of everyday low prices
Econometric models of the U.S. economy generally agree
A) on the quantitative impact of monetary policy over a horizon of several years. B) that an increase in money growth will increase output in the short run. C) that an increase in money growth will decrease output in the short run. D) that an increase in money growth will decrease output in the long run. E) that "rational expectations" is the best way to generate policy forecasts.
What is a marginal benefit?
What will be an ideal response?